On October 1, 2016, Davis signed a two-year contract to provide handyman services on an as-needed basis to Winn Associates, with the contract to start immediately. Winn agreed to pay Davis $12,000 for the two-year period. Davis is confident that Winn will pay that amount, but payment is not scheduled to occur until 2017-2018.

Davis should recognize revenue in 2016 in the amount of :

A. $0.

B.$1,500.

C. $6,000.

D. $12,000.

Jallouk corporation has two different bonds currently outstanding. bond m has a face value of $50,000 and matures in 20 years. the bond makes no payments for the first six years, then pays $2,100 every six months over the subsequent eight years, and finally pays $2,400 every six months over the last six years. bond n also has a face value of $50,000 and a maturity of 20 years; it makes no coupon payments over the life of the bond. the required return on both these bonds is 10 percent compounded semiannually. what is the current price of bond m and bond n?